Hints and tips:
...In western Canada’s oil-rich Alberta, Imperial Oil, majority owned by Exxon, has joined a DLE venture with E3 Lithium....
..., because that is a very sensitive area,” says Peter Harrison, chief executive of Schroders, a big UK asset manager with a substantial US arm. “That issue is quite different elsewhere in the world....
...No one has shared the language and for now, Exxon obviously disagrees. As Lex notes, there are big picture reasons why Exxon may want to be more generous than litigious here....
...“It is an arms race,” said one dealmaker involved in the sector’s recent flurry of activity. “In most sectors, deal one doesn’t necessarily lead to deal two and deal three....
...The renewable energy industry is up in arms about tough new capital rules designed to make the banking system safer and guard against financial crisis risks....
...It’s also the first big acquisition spearheaded by Exxon chief Darren Woods....
...Exxon, alongside other oil companies including Chevron and Shell, is facing landmark legal challenges in the US from cities, counties and states for campaigns of alleged “deception” about climate change...
...Clips from Yahoo Finance, Reuters, CNBC, Bloomberg For further reading: Oil megadeals usher in an age of energy uncertainty Dealmakers see Chevron-Hess tie-up as the start of oil ‘arms race’ The race...
...James declined to disclose how much money sits in the private capital arm but said it was larger than the public fund....
...2000s — BP-Amoco, Exxon-Mobil and Chevron-Texaco — formed the modern supermajors....
...The biotech entrepreneur also accused Fink of “telling Exxon and Chevron they can’t drill here”....
...Arm: Shares in UK chip designer Arm surged more than 20 per cent in after-hours trading after it lifted its outlook for the year....
...Just as the video-sharing app battles a potential ban from US lawmakers, now its American employees are up in arms about their remuneration....
...French general insurer Axa reportedly plans to sell the reinsurance arm of its subsidiary XL to dodge future claims for increasingly unpredictable disasters....
...low-carbon business could eventually be worth “hundreds of billions of dollars” and grow to be “larger than ExxonMobil’s base business is today as the world approaches net zero,” said Dan Ammann, president of Exxon...
...Ultimately, Exxon may have amounted to a pyrrhic victory given the expectations that followed it....
...Exxon posted full-year net income of $36bn while Chevron followed with $21.4bn....
...Exxon is trying to rejuvenate its initial stuttering foray into trading, which it launched last decade....
...government India tells Canada to withdraw dozens of diplomatic staff amid rising tensions between the countries Toyota says it is close to being able to mass produce next-generation solid-state EV batteries Exxon...
...The council is the intergovernmental arm of the EU, in which representatives of its 27 member states debate and agree legislation....
...But Exxon has a distinctly superior long-term financial record. The UK has few listed technology companies, but one example is accounting software company Sage, on 30 times earnings....
...There is merit in the idea of a windfall tax: London and Brussels have both implemented their own versions (though Exxon is suing the EU to try to stop the plan there)....
...She joins from BlackRock, where she was most recently chief financial officer and treasurer of its business development arm....
...In addition to these investments, Glencore’s powerful trading arm has various marketing deals and offtake agreements with Russian commodity producers, although it has no operational footprint in the country...
...FT/McKinsey book of the year Nicole Perlroth’s sobering investigation into the cyber weapons arms race, This Is How They Tell Me the World Ends, was last night named Financial Times and McKinsey Business...
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